The May 2026 NFIB Small Business Optimism report was released today, June 9, 2026.
The Index of Small Business Optimism decreased by .6 points to 95.3.
Here is an excerpt that I find particularly notable (but don’t necessarily agree with):
The NFIB Small Business Optimism Index fell 0.6 points in May to 95.3, remaining below its 52-year average of 98.0. The Uncertainty Index rose 3 points from April to 91, remaining well above its historical average of 68.
Below is a chart of the NFIB Small Business Optimism chart, as seen in the May 2026 NFIB Small Business Economic Trends (pdf) report:
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 7386.65 as this post is written